#pepe⚡ #热门趋势 #bome.
PEPE vs. BOME: Pessimism Continues for Popular Meme Coins
PEPE Price Encounters Downward Trendline Resistance
The price of PEPE is currently facing downward trendline resistance from three swing highs during the May-June period. This seems to indicate a short-term downtrend.
If this trendline remains valid, the price of PEPE could drop by 140.0000106 from the current trading price of 0.0000119, which is the 50% price retracement of the increase from 0.0000039 to 0.0000172.
On the four-hour chart, both the Relative Strength Index (RSI) and the Awesome Oscillator (AO) are below their mean of 50 and 0, which further supports the current pessimism. This means that the bulls have been exhausted and the bears are in control of the market, which may further push the price of PEPE down.
However, if the price of PEPE can break through 0.0000138, it will break the current pessimistic expectations and form a higher daily high, which may rise to 100.0000152.
BOME price may fall
The price stability of BOOK OF MEME (BOME) currently relies on the weekly support level of 0.00944, but once this support level is broken, it may trigger 130.00826.
On the four-hour chart, the RSI and AO are also below their mean of 50 and 0, further confirming the current pessimism. This shows that the bulls are exhausted and the bears are dominating the market, which may further pull the price of BOME down.
However, if the daily chart closing price of BOME can break through the daily resistance level of $0.0111 and turn it into support, while the RSI and AO also rise back above their mean of 50 and 0, the market may turn positive.
In this structural shift, BOME may form a higher daily high. BOME may rise by 27% to retest the high of $0.014133 on June 6. This will be a turning point that investors are looking forward to and may also indicate a major change in market sentiment.
